Exempts insurance carriers from premium tax on policies for governmental entities.
Mississippi HB868 amends the Mississippi Code to exempt insurance carriers from paying premium tax on policies issued to governmental entities. This includes both domestic and foreign insurance companies providing coverage to state agencies, departments, institutions, or political subdivisions. The bill specifies that the exemption applies to premiums collected for coverage under policies issued by carriers selected to furnish service to the State of Mississippi under the State Employees Life and Health Insurance Plan. The changes take effect from July 1, 2026.
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